Pyxis Tankers Inc Receives a Buy from Maxim Group

In a report released today, James Jang from Maxim Group maintained a Buy rating on Pyxis Tankers Inc (NASDAQ: PXS), with a price target of $3. The company’s shares closed yesterday at $1.22, close to its 52-week low of $0.90.

Jang observed:

“Pyxis Tankers (PXS) reported mixed 1Q18 results with the top line ($6.6 million), below our expectations ($6.8 million), but a $0.01 beat on the bottom line and a return to profitability.”

According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.8% and a 51.4% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.

Pyxis Tankers Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.

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The company has a one-year high of $12.22 and a one-year low of $0.90. Currently, Pyxis Tankers Inc has an average volume of 116.2K.

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Pyxis Tankers, Inc. is an international maritime transportation holding company, which engages in the maritime transportation business with a focus on the tanker sector. It acquires, owns and operates tanker vessels that are capable of transporting refined petroleum products such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil.